PHILADELPHIA (CBS) — A public-private partnership is being credited for some new housing for poor, elderly Philadelphians.

The Apartments at Cliveden, in Germantown, offer 62 rent-restricted, utilities-included, assistance-available, one-bedroom units for seniors who are at or below the federal poverty line.

It’s a nearly $15-million project, with a good bit of federal funding.

“When people say, with the federal stimulus dollars, they didn’t see what happened, well, this is one of the projects, some $4½ million through the president’s stimulus dollars in this project,” says US Rep. Chaka Fattah (D-Pa).

(Mayor Nutter. Credit: John Ostapkovich)

Mayor Nutter (right) hailed PNC Bank for its role in the private portion of the financing, and remembers how his grandmother, who lived with his family as he grew up, moved down the street rather than out of town.

“Whenever I’m at these kinds of events, I think about how this would have been a place where grandmom could have gone,” the mayor said.

And it’s a place that Philadelphia, with its high tide of seniors, needs, he added.